Triangle patternwait for any side breakout and retracement
It will give good move in any of the direction
And trade with volume confirmation to avoid false breakout
GEPIL trade ideas
Down Trend line BreakoutStock has broken the monthly down trendline. Buy at 281.20 for a target of 330
Triangle BO and moving upGEPIL broke out of the triangle pattern many days ago...if it manages to remain ABOVE 200 EMA ( blue arrow) it is still a good buy..S&R levels marked by horizontal blue lines...they are also the targets...the risk in this trade is high because it broke out many days ago, so please consider it before trading...but as i mentioned if it remains above 200 EMA it is still a buy. This is an IDEA, not ADVICE to trade.
GE 2.50% Power India Ltd_GEPIL_Daily_Long_12.11.2017 GE 2.50% Power India Ltd_GEPIL_Daily_Long_12.11.2017
Quality - Good
Valuation - Very Attractive
Financial Trend - Positive
Delivery Percentage - Good
Entry - 663.70
Target - 697.27
Stop Loss - 641. 44
